7,760,000,000,000 PEPE In 24 Hours, Whales Defying Bearish Trend
Main Idea
Despite a bearish market trend, PEPE whales have significantly increased their activity, moving over 7.7 trillion PEPE tokens in 24 hours, defying the overall market downturn.
Key Points
1. PEPE large transactions surged by 45% in 24 hours, with whales moving 7,760,000,000,000 PEPE tokens worth approximately $86.9 million.
2. A notable whale transferred 531.5 billion PEPE tokens ($5.06 million) to Binance amid price volatility, with PEPE trading at $0.00001121, down 5.7%.
3. The broader crypto market is experiencing a dip, with Bitcoin dropping to $117,788 and other altcoins like Ethereum, XRP, and Solana also declining.
4. PEPE recently lost significant value, dropping to $0.0000092, with the next major support level at $0.00000758, mirroring a broader market sell-off in June.
5. Despite the bearish trend, whale activity in PEPE remains high, indicating continued interest or strategic moves by large holders.
Description
PEPE whales are on rampage again, with transactions soaring over 45% amid market sell-off
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